v3.26.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income        
Loans, including fees $ 40,839 $ 39,530 $ 80,666 $ 76,602
Debt securities:        
U.S. Treasury and government agencies 2,712 2,231 5,017 4,328
Municipalities 347 369 696 751
Dividends 239 311 484 649
Federal funds sold and other 1,510 1,051 2,082 2,164
Total interest income 45,647 43,492 88,945 84,494
Interest Expense        
Deposits 14,432 14,813 27,681 28,801
Federal funds purchased and securities sold under agreements to repurchase 118 272 263 543
Borrowed funds 1,894 2,411 4,070 4,961
Subordinated notes 285 285 569 569
Total interest expense 16,729 17,781 32,583 34,874
Net Interest Income - Before Provision for Credit Losses 28,918 25,711 56,362 49,620
Provision for Credit Losses - Loans 173 661 475 1,472
Provision for (Recovery) of Credit Losses - Off Balance Sheet Credit Exposures 148 27 154 (233)
Net Interest Income - After Provision for Credit Losses 28,597 25,023 55,733 48,381
Noninterest Income        
Interchange income 1,347 1,259 2,860 2,680
Loan servicing income 846 629 1,684 1,391
Net gain on sale of loans 683 257 1,258 541
Increase in cash surrender value of bank owned life insurance 681 239 1,336 483
Gain (loss) on sale of other assets owned 30 15 30 (39)
Loss on sale of available-for-sale securities 0 0 (347) 0
Total noninterest income 5,432 3,935 10,432 8,097
Noninterest Expense        
Salaries and wages 8,381 7,567 16,648 15,445
Employee benefits 2,338 2,265 4,717 4,669
Net occupancy expense 931 1,075 2,100 2,274
Furniture and equipment 1,594 1,414 3,160 2,692
Data processing 778 1,057 1,772 1,614
Franchise taxes 395 397 795 794
ATM expense 561 761 1,137 1,252
Advertising 363 356 835 859
FDIC assessment 389 448 785 913
Servicing rights amortization - net 328 234 851 361
Loan expense 578 328 887 556
Consulting fees 325 494 579 1,239
Professional fees 425 502 925 1,061
Intangible asset amortization 304 444 609 889
Other general and administrative 1,574 1,918 3,265 3,402
Total noninterest expense 19,264 19,260 39,065 38,020
Income Before Income Taxes 14,765 9,698 27,100 18,458
Income Taxes 2,968 1,988 5,725 3,796
Net Income $ 11,797 $ 7,710 $ 21,375 $ 14,662
Basic Earnings Per Share $ 0.86 $ 0.56 $ 1.55 $ 1.07
Diluted Earnings Per Share 0.86 0.56 1.55 1.07
Dividends Declared $ 0.23 $ 0.22125 $ 0.46 $ 0.4425
Customer Service Fees [Member]        
Noninterest Income        
Noninterest income $ 544 $ 330 $ 1,027 $ 711
Other Service Charges and Fees [Member]        
Noninterest Income        
Noninterest income $ 1,301 $ 1,206 $ 2,584 $ 2,330